194JRoyalty, Director Remuneration, Professional or technical service fees, Non-compete feesResidentRs. 30000 for each income in the FY (Not applicable to payment to the director).10% 194LACompensation on acquiring immovable propertyResidentRs. 250000 per FY10% ...
including sale of property.TDS on sale of property is applicable under Section 194-IA of the income tax law. However, buyers and sellers need not worry about TDS implications at all if the property value is up to Rs 50 lakh. On property deals involving more than Rs 50 lakh, TDS on pro...
FAQs on TDS calculation on salary How to calculate TDS on the purchase of property? To calculate TDS (Tax Deducted at Source) on the purchase of property, you can use tools like this TDS Calculator, which considers the property value and applicable TDS rate. Additionally, consult with a tax...
TDS liabilities are calculated based on the salary and other income earned by an employee during a particular period and the applicable TDS rate as per the Income Tax Act. It is the employer’s responsibility to ensure that their employees’ TDS liabilities are paid on time to avoid any ...
is carrying on a business/profession where accounts are enforce to be audited u/s 44AB, in the immediately preceding financial year. . An individual is responsible to have audited his or her accounts 44AB if, throughout the applicable financial year, his or her gross sales, turnover or ...
Fill in the relevant details in the applicable Income Tax Return (ITR) form. On submission of the ITR, the portal generates an acknowledgement. When we can claim TDS refund? When can you make the TDS refund claim? Every assessment year you are required to file for your tax returns by Jul...
(Gain) loss on asset disposals, net 15 — Adjusted EBITDA (Non-GAAP)1 $920-$1,020 $330-$360 Deduct: Equity in earnings of unconsolidated entities 155 — Interest and dividend income 15 — Adjusted OIBDA (Non-GAAP)1 $750-$850 $330-$360 Actual Results Six Months Ended June...
is a provision under Indian GST law where the recipient of goods or services must deduct a specified percentage from the payment to the supplier and remit it to the tax department. GST TDS is applicable only when the total value of such supply, under an individual contract, exceeds ₹2.5 ...
(b) According to Chadha, “In case the rental agreement has a joint and several liability for the rent and total rent it is above Rs 50,000 per month, TDS provisions would become applicable even if the tenants individually pay rent of less than ...
As part of a cybersecurity readiness team, in-house counsel should: identify statutory and other regulatory requirements applicable to the data that the organization collects, including those of a foreign jurisdiction in which the organization operates. identify the statutory or other regulatory notice ...